A new vision for agriculture
momagri, movement for a world agricultural organization, is a think tank chaired by Christian Pèes.
It brings together, managers from the agricultural world and important people from external perspectives,
such as health, development, strategy and defense. Its objective is to promote regulation
of agricultural markets by creating new evaluation tools, such as economic models and indicators,
and by drawing up proposals for an agricultural and international food policy.
A look at the news

The volatility of agricultural markets:
A cause for concern for everyone

March 10, 2014

The countries of the Middle East and North Africa––the MENA region––have been in the spotlight for several months. We have seen many initiatives to improve the fight against food insecurity and price hyper-volatility, and increase regional and international governance and cooperation.

Following the Algiers Conference this past November, the 32nd Session of the FAO Regional Conference was held in Rome in late February 2014, with the goal of strengthening cooperation in the MENA region to better address the critical issues of food security. At the same time, the International Conference on Food Price Volatility was held in Rabat on February 25 and 26, and was jointly sponsored by the Studies Department of the International Monetary Fund (IMF), the OCP Policy Center1 and the Center for Technology and Economic Development of New York University.

This conference addresses the issue of the unpredictable fluctuations of agricultural markets. A concern that now goes beyond the walls of international organizations and meetings at the FAO, the G20 or the World Bank. For an increasing number of governments are now acknowledging the importance of better visibility and regulation for their agricultural markets in a turbulent and uncertain context, especially since the crisis of 2008.

How can a country ensure its own food security and independently prevent endogenous and exogenous risks without being subject to arbitrary decisions by foreign states or by market fluctuations? About 60 experts attended the workshop focusing on price volatility, and attempted to bring about reliable solutions to the challenges facing the Mediterranean Basin, a region that is “hyper-reliant” on grain imports.

These experts, including Professor Per Pinstrup Andersen of Cornell University, raised the urgent issue for governments to consider the importance of fighting food insecurity, which involves fighting agricultural market volatility, since its socio-economic and political consequences are real. In addition, Jomo Sundaram, Assistant Director-General for Economic and Social Development at the FAO, noted that the trend also lies with economic deregulation and diminished governmental intervention in agriculture.

In fact, it is clear that agricultural markets have undergone profound changes, and it is now urgent that regulatory mechanisms and policies be implemented to also change them.

1 A new think tank established by the OCP Groupe, a Moroccan company that is one of the world’s leaders for phosphates and derivatives products.

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Paris, 25 June 2019